1. The private sector accounting prepared accrual basis but
public sector Accounting prepared cash basis. 2. The public sector
account fixed assets treated expense but Private sector account
fixed assets treated capital. 3. The public sector account analysis
report Public but private sector account analysis report not
public. 4. The public sector account fixed assets not calculated
depreciation but private sector account fixed assets depreciation
calculated.
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No bank account is a Personal account in Accounting
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Collecting daa, transaction analysis, journalizing transaction,
posting to ledger account, preparing a trial balance